First American CREDCO'S Anthem is Compliant with Freddie Mac's Updated Guidelines for Non-Traditional Credit

by via PRNewswire On Nov 26, 2007

POWAY, Calif., Nov. 26 /PRNewswire-FirstCall/ -- First American CREDCO,
the leading provider of specialty credit reports to the mortgage and consumer
finance industries and part of First Advantage Corporation (Nasdaq: FADV),
today announced that its Anthem(TM) RMCR product -- also known as the Anthem
Report -- meets or exceeds Freddie Mac's updated guidelines for non-
traditional credit. Part of the Anthem Suite(TM) of Services, Anthem RMCR is a
solution for verifying Noncredit Payment References (NCPRs) and documenting
those references on a Residential Mortgage Credit Report (RMCR), as noted in
Freddie Mac's recent news release clarifying portions of their Single-Family
Seller/Servicer Guide.

Available to mortgage professionals since 2004, the Anthem RMCR is a
specialized Residential Mortgage Credit Report offering a cost-effective
credit reporting solution for underserved consumers. Designed to help lenders
qualify more borrowers who lack credit, it is fully compliant with mortgage
loan underwriting and due diligence requirements for Government Sponsored
Entities, including Freddie Mac.

"Anthem RMCR helps lenders serve a broader market immediately, which
builds their business and allows more consumers into homes," said Mark Catone ,
senior vice president for First American CREDCO. "Anthem RMCR provides a
solution specifically for mortgage lenders looking to serve borrowers who lack
sufficient traditional credit history, while ensuring that lender
underwriting, GSE and investor requirements are met instantly. Most of the
market has been focusing on scoring without considering whether the underlying
data meets specific financial product underwriting standards. While we also
deliver a score, which we believe will gain in adoption over time, Anthem RMCR
delivers an origination management solution out-of-the-box."

NCPRs, also referred to as "non-traditional credit" or "alternative
documentation," are continuing financial obligations, such as rent, utilities
and insurance, which require periodic payments at least quarterly. They are
critical in order to serve first-time homebuyers in emerging and underserved
markets, particularly U.S. renters. According to the 2000 U.S. Census, there
are approximately 35 million renters, representing a primary source of first
time homebuyers, and those that are likely to have "thin files" (limited or no
credit history with no credit score).

Mortgage professionals using Anthem RMCR to help assess a borrower's
credit reputation can:

For more information on the Anthem Suite of Services from First American
CREDCO, visit www.credco.com or call 800-255-0792.

About First American CREDCO

First American CREDCO, a division of First Advantage CREDCO, LLC, a wholly
owned subsidiary of First Advantage Corporation, processes millions of credit
transactions annually and is the industry's technology and service leader.
First American CREDCO is the leading provider of merged credit reports to the
mortgage and consumer finance industries. The division proudly serves a broad
range of lending and retail markets with a variety of business information
products and services. More information about First American CREDCO can be
found at www.credco.com .

About First Advantage Corporation

First Advantage Corporation (Nasdaq: FADV) combines industry expertise
with information to create products and services that organizations worldwide
use to make smarter business decisions. First Advantage is a leading provider
of consumer credit information in the mortgage, automotive, payday lending and
specialty finance industries; business credit information in the
transportation industry; lead generation services; motor vehicle record
reports; supply chain security consulting; employment background
verifications; occupational health services; applicant tracking systems;
recruiting solutions; skills and behavioral assessments; business tax
consulting services; insurance fraud, corporate and litigation investigations;
surveillance; computer forensics; electronic discovery; data recovery; due
diligence reporting; resident screening; property management software and
renters insurance. First Advantage ranks among the top companies in all of its
major business lines. First Advantage is headquartered in St. Petersburg ,
Fla., and has more than 4,700 employees in offices throughout the United
States and abroad. More information about First Advantage can be found at
www.FADV.com .

First Advantage is a majority-owned subsidiary of The First American
Corporation (NYSE: FAF), a FORTUNE 500(R) company that traces its history to
1889. First American is America's largest provider of business information,
supplying businesses and consumers with valuable information products to
support the major economic events of people's lives. Additional information
about the First American Family of Companies can be found at www.firstam.com .